#+HashtagPLUS
In

Menu

Post image 1
Post image 2
Post image 3
Post image 4
Post image 5
Post image 6
Post image 7
Post image 8
Post image 9
Post image 10
Post image 11
Post image 12
Post image 13
Post image 14
Post image 15
Post image 16
Post image 17
Post image 18
Post image 19
Post image 20
Post image 21
Post image 22
Post image 23
Post image 24
Post image 25
Post image 26
Post image 27
Post image 28
Post image 29
Post image 30
Post image 31
1 / 31
0

Japan to boost joint oil stockpiles with UAE

The Japan Times·No Author·about 1 month ago
#EE2pYnBT
#uaejapanrelations#uae#oil#saudiarabiajapanrelations#fuelshock#crude
Reading 0:00
15s threshold

PARIS – Tokyo has won a commitment from the United Arab Emirates to increase joint crude oil stockpiles held in Japan by UAE companies, according to Economy, Trade and Industry Minister Ryosei Akazawa on Tuesday. Akazawa said he made the request to expand the oil stockpiles in a meeting in Abu Dhabi on Tuesday with his UAE counterpart, Sultan Al Jaber, who is also special envoy to Japan. They agreed to promote cooperation to ensure a stable supply of crude oil as the Strait of Hormuz, a key energy transportation hub, remains closed due to the deteriorating situation in the Middle East . "We want to significantly increase the joint stockpiles with the UAE," Akazawa told reporters in Paris after his Middle Eastern tour. "The UAE has promised to replenish the crude oil already released and to expand the stockpiles further."  Crude oil from the UAE accounts for about 40% of Japan's total crude oil imports.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.

Create free accountLog in
Read More